Where Will Nvidia Stock Be in 3 Years?
By now, Nvidia's (NASDAQ: NVDA) business has been booming for so long that it's getting boring. As of the time of writing, shares are down by around 3% despite better-than-expected third-quarter earnings and a buoyant market for artificial intelligence (AI) hardware.
But how much longer can the momentum last? Let's dig deeper into what the next three years could have in store.
Despite being the largest company in the world with a market cap of $3.6 trillion, Nvidia's business is still growing like a start-up. Third-quarter revenue soared 94% year over year to $35.1 billion, beating analysts' expectations of $33.2 billion. And the momentum was driven by its data center business, where it sells advanced graphics processing units (GPUs) for running and trailing AI algorithms.
Source Fool.com
